PMI-RMP · Question #79
Fred is the project manager of the PKL project. He is working with his project team to complete the quantitative risk analysis process as a part of risk management planning. Fred understands that once
The correct answer is C. Quantitative risk analysis process will be completed again after the risk response planning and as a part. Quantitative risk analysis is an iterative process and should be repeated at least twice more after the initial assessment: once after risk response planning (to verify that the planned responses sufficiently reduce overall project risk and to assess residual risks) and again as
Question
Fred is the project manager of the PKL project. He is working with his project team to complete the quantitative risk analysis process as a part of risk management planning. Fred understands that once the quantitative risk analysis process is complete, the process will need to be completed again in at least two other times in the project. When will the quantitative risk analysis process need to be repeated?
Options
- AQuantitative risk analysis process will be completed again after the cost management planning and as a
- BQuantitative risk analysis process will be completed again after new risks are identified and as part of
- CQuantitative risk analysis process will be completed again after the risk response planning and as a part
- DQuantitative risk analysis process will be completed again after the plan risk response planning and as
How the community answered
(23 responses)- B4% (1)
- C87% (20)
- D9% (2)
Explanation
Quantitative risk analysis is an iterative process and should be repeated at least twice more after the initial assessment: once after risk response planning (to verify that the planned responses sufficiently reduce overall project risk and to assess residual risks) and again as part of Monitoring and Controlling (to reflect new information, changed conditions, or newly identified risks throughout the project lifecycle). This ensures risk analysis remains current and relevant. The other answer choices reference incorrect trigger points; responses and ongoing monitoring are the two standard repeat occasions specified in PMBOK guidance.
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